Dave Snyder

The interest rates are not an issue for most buyers. They are willing to buy but not over pay like they have in the past few years. The market is shifting to a balanced market and in some areas even a slight buyers' market. You probably should have dropped your price before now. I would speak with your agent and establish a pricing strategy. If no bites means showings but t no offers means one thing but no showing means something else. In either case a price drop is better than a delist.

the best time to list a home is when you are ready. The real estate market is a 12 month market. Spring markets will get crowed and the competition will be greater which positions the buyer more favorably. So I would get your home on the market as soon as you are ready to move.

There is some missing information. What is the activity on your home. If there are potential of offers coming in with is a day or so then consider waiting until they come to reality. Many of the times the first offer is the strongest and the seller is hoping for more when the more is right in front of them. If you pass the GOOD offer in the hopes for a better one be prepared for a less favorable offer as time passes. Highly consider the fast yes, but discuss this with your agent for market specific data.

The multiple sales in a short period of time give reason for pause. This will allow you to and your agent to do a deeper dive into insurance claims, older seller disclosures, talk with neighbors, check the sale history of the immediate neighbors, check police reports to see if the neighborhood is loud and has calls to it, Your agent may call the agents involved in the prior transactions to get a read on the story behind the transaction. If in the end your gut says something does not seem right, trust it.

The nice thing is that you as the owner can attempt to sell your home in the manner that makes sense to you. Statistics will tell you that selling as for sale by owner will yield you about 18% less net profits. The right Realtor can bring you a better result even after fees. the owner of Zillow sold with a Realtor after failing as a FSBO. the level of repair really depends on what they are. A deep cleaning is always advisable. Complete decluttering is also strongly advisable. Get your home as close to a new construction model home as possible. Staging can be achieved by reducing the furniture currently in the home. There are a lot of tips and tricks that can be used to accomplish a show ready home without braking the bank. When evaluating a Realtor look at the services you will be provided, the marketing strategy to be deployed and expertise of the individual. If you want nothing buy MLS access maybe the 1% agent is an option.

this depends on how your contracts are written in your state. But unfortunately anyone can default on a contract if they are prepared for the consequence's. Your agent should be communicating with The agent on the other side and be asking probing questions as to how they are progressing on the exit plan. If they are buying a new home what is the status of that, if they are renting did they secure a lease, if they are moving out of state do they have a moving company, do a walk through of the home to see if there are signs of them preparing to move. You and your Realtor should be reading your contracts and talking to the other side in grave detail to get you comfort.

Great question - picking the first home inspector is important and the follow that up with specialized inspections based on the initial report. Indicate what concerns are red flag and have the proper specialist to de a deeper dive and cost to remediate is where your time and money would be best spent. My client did a home inspection and two thing raised a red flag. They brought out a roofer to look deeper into the roof and provide a certification. This was used for the insurance company as well, The second was the central air. They had an HVAC professional come out and inspected the boiler and the central air. Found this was an issue so they got a cost to repair/replace. the buyer and seller came to terms on a solution for the heating and air problem and went to settlement.

Here are a few ways top determine if a property is in the flood plan: 1. Check FEMA flood maps (free) You can search the property address on the FEMA Flood Map Service Center website. This will show whether the property is located in: aEURc Zone X " low flood risk (usually no required flood insurance) aEURc Zone AE or A " higher flood risk (flood insurance usually required if financing) 2. Ask your agent to verify the flood designation This can be done by looking at the public records or in the MLS. 3. Call you homeowners insurance provider that will also provide flood insurance. They can also verify the status of the property. If it is they can also generate a quote. There are several variables when getting a quote so have a detailed conversation with the agent do not depend on what the current homeowner cost are. 4. Ask if the current owner has flood insurance and if the answer is no - follow up with do they have a mortgage. Even if it is not in the flood zone please drill down to see if , when and how often the property flooded and did it ever reach the home.

Great question and the answer is could be? The real question is why would you want to go with the cash offer post card apposed to the traditional way of listing it and opening up to the full market. Remember when you sell to the cash offer legit or not you are leaving money on the table no matter what they tell you. If you do not leave money on the table then how do they profit from the purchase.

A post settlement possession is typically for a short period of time, less than 30 days. If you are going 90 days that then because a lease back and needs to be treated as a lease agreement. A high security deposit and a high daily penalty for not moving out on time should be in place. Part of the incentive to move out on time is if they do not they security deposit is forfeited. You do need to be aware of any landlord - tenant laws that prohibit high security deposits like in PA. Get the monthly rent all up front. Make certain you take detailed phots inside and out so the condition can be documents. Check behind the furniture and artwork. Finally - most lender require you to occupy the home within 60 days following settlement or they can reclassify you loan to an investment and change the terms of your loan, even call it.

Risk tolerance! What is your risk tolerance. Cash may be the safelist but it is not always the best. You need to look at all the terms. Sometimes the higher price with financing is the best. But having said that check the most recent comps to make an informed decision about the likelihood of it appraising. It comes down to tall the terms, do the terms make sense and are they realistic followed by your risk tolerance. Is $the net increase in the proceeds worth the risk?